10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Permanently Unique to bring Fenix and Louis restaurants to London

  • James McAllister
  • 4 October 2024
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by Restaurant Online Magazine. Click here to read the original article

image

The group, which also owns upmarket Chinese restaurant brand Tattu, is currently in negotiations on a London site for Fenix, and has ‘a landmark London location’ in development for Louis that’s expected to launch next summer.

It comes as the Manchester-based operator revealed in a financial update covering the year ended 31 December 2023 that is has secured a new £15m revolving credit facility with long standing banking partner NatWest to fund future expansion.

In addition to new London locations for both Fenix and Louis, it will open and operate its first international location next year, with Tattu due to debut in Dubai in summer 2025.

The business described the 2023 as a year focused on ‘building solid foundations’ that will pave the way for a period of accelerated growth.

During the trading year, the group saw existing site revenues rise 10% to £29m, with site EBITDA up 11% to £7.5m.

The strong performance came despite the impact of inflationary pressures including challenges around energy costs in the marketplace.  

At a group level, underlying company EBITDA rose 14.9% to £5.4m over the period, delivering gross margin growth and an increase in EBITDA conversion.  

Fenix opened its first site in Manchester’s St. John development in late November 2023 and made a ‘strong initial contribution’ to the 2023 group performance.

Trending
8 Ways to Strengthen Collaboration Between Hospitality Marketing & Revenue Management Teams

“This was an important year for the business with a key focus on laying the foundations for our next stage of expansion,” says Adam Jones, Permanently Unique co-founder and chairman.

“Our energy was targeted at providing an environment of growth and development for our teams, whilst working closely with our supply chain to drive strong margins through efficiency.”

In the current year, Permanently Unique says it has seen its revenue and profit performance continue to climb, with revenues expected to reach close to £40m and site EBITDA projected to grow by over 30% to more than £10m. 

The group launched its first Louis restaurant in Hardman Square in Spinningfields, Manchester, last month and says it has been ‘incredibly well received’.

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Categorizing...

STR Weekly Insights: 21-27 September 2025

  • Automatic
  • 6 October 2025
View Post
  • Categorizing...

Leonardo Hotels driving forward growth in Europe in robust fashion

  • Automatic
  • 6 October 2025
View Post
  • Categorizing...

City and Hilton Officials Commemorate Milestone as Signia by Hilton Indianapolis Tops Off at 38 Stories

  • Automatic
  • 6 October 2025
View Post
  • Categorizing...

The guest has arrived. The card hasn’t.

  • Automatic
  • 6 October 2025
View Post
  • Categorizing...

Philippines in focus: Future Hospitality Summit spotlights dynamic Asian tourism and hospitality market with dedicated Country Pavilion

  • Automatic
  • 6 October 2025
View Post
  • Categorizing...

NRL Grand Final Sends Sydney Hotel Bookings Soaring

  • Automatic
  • 6 October 2025
View Post
  • Categorizing...

New Amadeus research reveals appetite for tech to enhance travel, skyrockets in 2025

  • Automatic
  • 6 October 2025
View Post
  • Categorizing...

How a simple question about American hotels led to ‘the greatest immigration story never told’

  • Automatic
  • 6 October 2025
Sponsored Posts
  • Winning the World Cup of Demand: A Revenue Management Playbook for Major Events – LodgIQ

    View Post
  • The Practical Guide to Hotel Automation

    View Post
  • 2025 SOCIETIES Quaterly 3

    View Post
Latest Posts
  • STR Weekly Insights: 21-27 September 2025
    • 6 October 2025
  • Leonardo Hotels driving forward growth in Europe in robust fashion
    • 6 October 2025
  • City and Hilton Officials Commemorate Milestone as Signia by Hilton Indianapolis Tops Off at 38 Stories
    • 6 October 2025
  • The guest has arrived. The card hasn’t.
    • 6 October 2025
  • Philippines in focus: Future Hospitality Summit spotlights dynamic Asian tourism and hospitality market with dedicated Country Pavilion
    • 6 October 2025
Sponsors
  • Winning the World Cup of Demand: A Revenue Management Playbook for Major Events – LodgIQ
  • The Practical Guide to Hotel Automation
  • 2025 SOCIETIES Quaterly 3
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.